Andrew Walton, CFP
2395 W 4th Ave V6K 1P2 Vancouver, BC, Canada

In the final #MacroMemo of 2020, RBC GAM Chief Economist Eric Lascelles provides a brief review of the year that was and a preview of 2021. Also in the memo: an economic update, downside risks and the latest on #Brexit and U.S. fiscal stimulus.

As an investment and retirement specialist, one of the most common questions I receive is: "Will I have enough to retire at X age?". Often, this important planning topic is left to fate, or not planned to be addressed until children have finished schooling. It's important to review your retirement plan early to take advantage of the benefits of time, compounding, tax efficiencies, and efficient savings strategies. Some other considerations are below:

Here's a stellar Sunday read to to help navigate the year ahead. In this yearly report, RBC Economics "explores the forces reshaping an increasingly decentralized Canadian economy and what it will mean for consumers, businesses and policymakers". Take a look:

Here's brief look at where markets stand as we head towards the new year. If you're curious how this impacts your own portfolio and financial plan, let it serve as just another reason to book your annual review with a qualified professional like myself.

Here are some self care ideas from the Canadian Red Cross - How to manage holiday stress during COVID-19

Another insightful and timely article provided by RBC's Global Asset Management team that explores gold investing, and why it's traditionally served as a great diversification tool in a well-balanced portfolio: "When global stock markets spiraled into uncharted territories back in March, a less commonly discussed investment caught the attention of many investors: gold. If you are new to this asset class, or simply looking to better understand how gold works as an investment, this simple introduction to gold should serve as a useful overview."